Ramkrishna Forgings Ltd.
RKFORGEConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
16 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 16 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210729 | 2021-06-30 | yes | |
| TRANSCRIPT | 20221103 | 2021-09-30 | yes | |
| TRANSCRIPT | 20230125 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220509 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220726 | 2022-06-30 | yes | |
| TRANSCRIPT | 20230728 | 2022-06-30 | yes | |
| TRANSCRIPT | 20240125 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240731 | 2024-03-31 | yes | |
| TRANSCRIPT | 20250124 | 2024-03-31 | yes | |
| TRANSCRIPT | 20250607 | 2024-03-31 | yes | |
| ANALYST_MEET | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250808 | 2025-03-31 | yes | |
| TRANSCRIPT | 20251118 | 2025-03-31 | yes | |
| TRANSCRIPT | 20260202 | 2025-03-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260730 | 2026-06-30 | yes |
RKFORGE
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 709.55 |
| 52-week range | 462.7 – 755.0 |
| Return 1M | -1.6% |
| Return 3M | 25.87% |
| Return 1Y | 26.31% |
| Return 3Y | 11.16% |
| Return 5Y | 242.28% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,217.00 |
| Other income | 3.00 |
| Total income | 1,220.00 |
| Cost of materials consumed | 631.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -72.00 |
| Employee benefit expense | 75.00 |
| Finance costs | 57.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.43 | 0.00 |
| institutions foreign | 0.20 | -0.01 |
| institutions domestic | 0.05 | 0.01 |
| mutual funds | 0.02 | 0.01 |
| public | 0.56 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2024-09-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 699.00 | 824.00 | 777.00 | 892.00 | 892.00 | 981.00 | 1,058.00 | 1,023.00 | 1,005.00 | 1,054.00 | 10,738.00 | 1,015.00 | 908.00 | 1,099.00 | 1,217.00 | 1,217.00 |
| Other income | 1.00 | 1.00 | 1.00 | 2.00 | 5.00 | 4.00 | 2.00 | 19.00 | 9.00 | 3.00 | 36.00 | 4.00 | 6.00 | 2.00 | 2.00 | 3.00 |
| Total income | 700.00 | 825.00 | 778.00 | 893.00 | 897.00 | 986.00 | 1,059.00 | 1,042.00 | 1,014.00 | 1,056.00 | 10,774.00 | 1,019.00 | 913.00 | 1,100.00 | 1,219.00 | 1,220.00 |
| Cost of materials consumed | 363.00 | 391.00 | 397.00 | 452.00 | 427.00 | 459.00 | 523.00 | 469.00 | 496.00 | 524.00 | 5,504.00 | 483.00 | 438.00 | 552.00 | 577.00 | 631.00 |
| Purchases of stock-in-trade | 54.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 1.00 | 2.00 | 1.00 | 1.00 | 0.00 |
| Changes in inventories | -64.00 | -23.00 | -50.00 | -31.00 | 2.00 | -12.00 | -26.00 | -31.00 | -91.00 | -67.00 | -1,034.00 | 15.00 | -7.00 | 53.00 | 46.00 | -72.00 |
| Employee benefit expense | 38.00 | 41.00 | 36.00 | 43.00 | 48.00 | 47.00 | 51.00 | 62.00 | 67.00 | 66.00 | 654.00 | 67.00 | 69.00 | 67.00 | 57.00 | 75.00 |
| Finance costs | 26.00 | 29.00 | 31.00 | 34.00 | 36.00 | 39.00 | 41.00 | 36.00 | 38.00 | 39.00 | 422.00 | 49.00 | 53.00 | 51.00 | 57.00 | 57.00 |
| Depreciation and amortisation | 47.00 | 50.00 | 49.00 | 56.00 | 57.00 | 61.00 | 68.00 | 72.00 | 62.00 | 60.00 | 638.00 | 80.00 | 80.00 | 84.00 | 88.00 | 99.00 |
| Other expenses | 158.00 | 241.00 | 221.00 | 233.00 | 224.00 | 282.00 | 285.00 | 306.00 | 323.00 | 298.00 | 3,298.00 | 302.00 | 282.00 | 263.00 | 327.00 | 364.00 |
| Total expenses | 623.00 | 728.00 | 685.00 | 787.00 | 793.00 | 876.00 | 942.00 | 913.00 | 897.00 | 920.00 | 9,483.00 | 995.00 | 919.00 | 1,071.00 | 1,154.00 | 1,155.00 |
| Profit before exceptional items and tax | 77.00 | 97.00 | 94.00 | 106.00 | 104.00 | 110.00 | 117.00 | 128.00 | 117.00 | 136.00 | 1,291.00 | 24.00 | -5.00 | 30.00 | 64.00 | 65.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -1.00 | -7.00 | -5.00 | -10.00 | -0.00 | 0.00 |
| Profit before tax | 77.00 | 97.00 | 94.00 | 106.00 | 104.00 | 110.00 | 117.00 | 128.00 | 116.00 | 136.00 | 1,291.00 | 17.00 | -10.00 | 19.00 | 64.00 | 65.00 |
| Current tax | 27.00 | 31.00 | 31.00 | 30.00 | 28.00 | 30.00 | 31.00 | 27.00 | 38.00 | 33.00 | 299.00 | 2.00 | 2.00 | 2.00 | -5.00 | 0.00 |
| Deferred tax | -2.00 | -1.00 | 2.00 | 8.00 | -3.00 | -2.00 | -0.00 | 7.00 | -2.00 | -5.00 | -4.00 | 4.00 | -2.00 | 3.00 | 8.00 | 18.00 |
| Tax expense | 26.00 | 30.00 | 32.00 | 38.00 | 25.00 | 28.00 | 30.00 | 34.00 | 35.00 | 28.00 | 294.00 | 6.00 | -1.00 | 5.00 | 3.00 | 18.00 |
| Profit for the period | 51.00 | 67.00 | 61.00 | 68.00 | 79.00 | 82.00 | 87.00 | 94.00 | 81.00 | 190.00 | 996.00 | 12.00 | -9.00 | 14.00 | 56.00 | 47.00 |
| Profit attributable to owners | 51.00 | — | 61.00 | 68.00 | 79.00 | 82.00 | 87.00 | 94.00 | 81.00 | 189.00 | 996.00 | 12.00 | -9.00 | 14.00 | 56.00 | 47.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 0.00 | 0.00 | 0.00 | -1.00 | -0.00 | -0.00 | -0.00 | -4.00 | -1.00 | -1.00 | -17.00 | -1.00 | 2.00 | -1.00 | 2.00 | 1.00 |
| Total comprehensive income | 51.00 | 67.00 | 61.00 | 67.00 | 78.00 | 82.00 | 87.00 | 89.00 | 80.00 | 189.00 | 980.00 | 11.00 | -7.00 | 13.00 | 58.00 | 48.00 |
| Earnings per share, basic | 3.22 | 4.20 | 3.82 | 4.28 | 4.91 | 5.14 | 5.02 | 5.19 | 4.48 | 10.49 | 5.51 | 0.65 | -0.53 | 0.75 | 3.09 | 2.58 |
| Earnings per share, diluted | 3.22 | 4.20 | 3.80 | 4.25 | 4.85 | 5.05 | 5.02 | 5.19 | 4.47 | 10.48 | 5.51 | 0.65 | -0.52 | 0.75 | 3.07 | 2.53 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,216.00 | 1,289.00 | 2,320.00 | 3,193.00 | 3,955.00 | 4,238.00 |
| Other income | 7.00 | 6.00 | 1.00 | 4.00 | 29.00 | 13.00 |
| Total income | 1,223.00 | 1,295.00 | 2,322.00 | 3,197.00 | 3,984.00 | 4,251.00 |
| Cost of materials consumed | 556.00 | 638.00 | 1,214.00 | 1,604.00 | 1,877.00 | 2,050.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 147.00 | 19.00 | 0.00 | 5.00 |
| Changes in inventories | -51.00 | 1.00 | -201.00 | -169.00 | -66.00 | 107.00 |
| Employee benefit expense | 103.00 | 96.00 | 127.00 | 158.00 | 208.00 | 259.00 |
| Finance costs | 79.00 | 80.00 | 96.00 | 120.00 | 152.00 | 210.00 |
| Depreciation and amortisation | 121.00 | 117.00 | 169.00 | 202.00 | 258.00 | 333.00 |
| Other expenses | 401.00 | 331.00 | 515.00 | 888.00 | 1,096.00 | 1,174.00 |
| Total expenses | 1,208.00 | 1,263.00 | 2,069.00 | 2,822.00 | 3,524.00 | 4,139.00 |
| Profit before exceptional items and tax | 15.00 | 32.00 | 253.00 | 374.00 | 460.00 | 113.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | -11.00 |
| Profit before tax | 15.00 | 32.00 | 253.00 | 374.00 | 459.00 | 102.00 |
| Current tax | 3.00 | 7.00 | 49.00 | 119.00 | 116.00 | 0.00 |
| Deferred tax | 2.00 | 4.00 | 7.00 | 7.00 | 1.00 | 12.00 |
| Tax expense | 5.00 | 11.00 | 55.00 | 126.00 | 118.00 | 12.00 |
| Profit for the period | 10.00 | 21.00 | 198.00 | 248.00 | 341.00 | 72.00 |
| Profit attributable to owners | 10.00 | 21.00 | 198.00 | 248.00 | 341.00 | 72.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -0.00 | 0.00 | 0.00 | -1.00 | -5.00 | 2.00 |
| Total comprehensive income | 9.00 | 21.00 | 198.00 | 247.00 | 336.00 | 74.00 |
| Earnings per share, basic | 2.97 | 6.44 | 12.43 | 15.52 | 20.27 | 3.97 |
| Earnings per share, diluted | 2.97 | 6.44 | 12.43 | 15.43 | 20.09 | 3.95 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 3,512.00 | 3,730.00 | 4,481.00 | 5,308.00 | 5,955.00 | 6,887.00 | 7,178.00 |
| Non-current assets | 1,743.00 | 1,880.00 | 2,326.00 | 2,934.00 | 3,340.00 | 4,345.00 | 4,730.00 |
| Current assets | 1,769.00 | 1,850.00 | 2,155.00 | 2,374.00 | 2,615.00 | 2,542.00 | 2,448.00 |
| Property, plant and equipment | 1,441.00 | 1,657.00 | 1,801.00 | 2,118.00 | 2,230.00 | 2,671.00 | 3,440.00 |
| Capital work-in-progress | 177.00 | 91.00 | 181.00 | 216.00 | 429.00 | 815.00 | 337.00 |
| Goodwill | 5.00 | 5.00 | 74.00 | 76.00 | 71.00 | 71.00 | 71.00 |
| Other intangible assets | 1.00 | 31.00 | 115.00 | 235.00 | 230.00 | 251.00 | 251.00 |
| Inventories | 841.00 | 907.00 | 1,024.00 | 1,100.00 | 1,367.00 | 1,302.00 | 1,246.00 |
| Trade receivables | 796.00 | 775.00 | 901.00 | 850.00 | 968.00 | 941.00 | 795.00 |
| Cash and cash equivalents | 3.00 | 45.00 | 24.00 | 173.00 | 69.00 | 37.00 | 162.00 |
| Total equity and liabilities | 3,512.00 | 3,730.00 | 4,481.00 | 5,308.00 | 5,955.00 | 6,887.00 | 7,178.00 |
| Equity | 1,186.00 | 1,322.00 | 1,545.00 | 2,684.00 | 2,942.00 | 3,068.00 | 3,290.00 |
| Equity share capital | 32.00 | 32.00 | 33.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Other equity | 1,154.00 | 1,290.00 | 1,512.00 | 2,648.00 | 2,906.00 | 3,031.00 | 3,254.00 |
| Total liabilities | 2,326.00 | 2,409.00 | 2,937.00 | 2,624.00 | 3,013.00 | 3,819.00 | 3,888.00 |
| Non-current liabilities | 871.00 | 938.00 | 1,059.00 | 1,071.00 | 1,119.00 | 1,412.00 | 1,756.00 |
| Current liabilities | 1,455.00 | 1,470.00 | 1,877.00 | 1,553.00 | 1,894.00 | 2,408.00 | 2,132.00 |
| Borrowings, non-current | 728.00 | 758.00 | 855.00 | 767.00 | 840.00 | 1,260.00 | 1,616.00 |
| Borrowings, current | 660.00 | 550.00 | 671.00 | 352.00 | 561.00 | 1,353.00 | 719.00 |
| Trade payables | 708.00 | 792.00 | 971.00 | 1,017.00 | 1,088.00 | 826.00 | 1,145.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 43.00 | 360.00 | 745.00 | 299.00 | 621.00 | 33.00 | -5.00 | 840.00 |
| Net cash from investing activities | -354.00 | -99.00 | -299.00 | -488.00 | -1,117.00 | -314.00 | -482.00 | -929.00 |
| Net cash from financing activities | 280.00 | -294.00 | -438.00 | 169.00 | 625.00 | 176.00 | 508.00 | 235.00 |
| Purchase of property, plant and equipment | 300.00 | 155.00 | 357.00 | 266.00 | 589.00 | 436.00 | 485.00 | 924.00 |
| Net increase in cash | -31.00 | -33.00 | 8.00 | -20.00 | 129.00 | -105.00 | 21.00 | 146.00 |
| con:CFO.BEFORE_TAX | 91.00 | 393.00 | 814.00 | 369.00 | 789.00 | 123.00 | -1.00 | 850.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 48.00 | 33.00 | 68.00 | 70.00 | 145.00 | 91.00 | 4.00 | 10.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -23.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 10.00 | 10.00 | 260.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 260.00 | 1.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 2.00 | 1.00 | 2.00 | 6.00 | 33.00 | 46.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 122.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 185.00 | 430.00 | 2.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 1.00 | 64.00 | 54.00 | 28.00 | 69.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-11-13 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 46.27 | 47.41 | 43.14 | 43.14 | 43.17 | 43.17 | 43.17 | 43.16 | 43.13 | 43.13 | 0.43 | 0.43 | 0.43 | 0.43 |
| Domestic institutions | 4.20 | 3.74 | 4.32 | 3.62 | 3.68 | 4.27 | 5.13 | 5.41 | 6.00 | 3.59 | 0.04 | 0.04 | 0.04 | 0.05 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 1.65 | 0.01 | 0.01 | 0.01 | 0.02 |
| Insurance companies | 0.00 | 0.03 | 0.66 | 0.50 | 0.49 | 0.67 | 1.23 | 1.43 | 1.48 | 1.53 | 0.02 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 16.35 | 18.13 | 23.67 | 23.59 | 24.54 | 23.76 | 24.25 | 24.04 | 24.47 | 24.45 | 0.23 | 0.21 | 0.22 | 0.20 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — |
| Public | 53.60 | 52.49 | 56.77 | 56.77 | 56.75 | 56.75 | 56.82 | 56.82 | 56.74 | 56.74 | 0.57 | 0.57 | 0.57 | 0.56 |
| Non-institutional | 33.05 | 30.62 | 28.78 | 29.56 | 28.52 | 28.72 | 27.44 | 27.37 | 26.27 | 28.70 | 0.31 | 0.32 | 0.30 | 0.31 |
| Shares outstanding | 159889535 | 164489535 | 180776179 | 180776179 | 180776179 | 180776179 | 180776179 | 180828639 | 181030604 | 181030604 | 181030604 | 181030604 | 181670604 | 182170017 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ramkrishna Casting Solutions Limited (Erstwhile JMT Auto Lim | Subsidiary of the Company | Any other transaction, Interest received, Investment | 1,507,975,000.00 | 9 |
| Ramkrishna Forgings LLC | Subsidiary of the Company | Sale of goods or services | 761,021,000.00 | 1 |
| Ramkrishna Forgings Mexico S.A. de C.V. | Subsidiary of the Company | Any other transaction, Investment | 616,541,000.00 | 2 |
| Ramkrishna Titagarh Rail Wheels Limited | Joint Venture | Investment | 535,500,000.00 | 1 |
| ACIL Limited | Subsidiary of the Company | Any other transaction, Interest received, Investment | 444,626,000.00 | 6 |
| Riddhi Portfolio Pvt. Ltd. | Enterprise over which KMP and thei | Dividend paid | 37,925,000.00 | 1 |
| Multitech Auto Pvt. Ltd. | Subsidiary of the Company | Purchase of goods or services, Sale of goods or serv | 28,805,000.00 | 2 |
| Naresh Jalan | Key Managerial Personnel | Dividend paid, Remuneration | 28,108,000.00 | 2 |
| Eastern Credit Capital Pvt. Ltd. | Enterprise over which KMP and thei | Dividend paid | 22,612,000.00 | 1 |
| Lalit Kumar Khetan | Key Managerial Personnel | Any other transaction, Dividend paid, Remuneration | 17,529,000.00 | 3 |
| Ramkrishna Foundation | Trust managed by Company | Any other transaction | 17,512,000.00 | 1 |
| Globe All India Services Limited | Subsidiary of the Company | Any other transaction, Purchase of goods or services | 16,802,000.00 | 2 |
| Chaitanya Jalan | Key Managerial Personnel | Dividend paid, Remuneration | 13,999,000.00 | 2 |
| Mal Metalliks Private Limited | Subsidiary of the Company | Purchase of goods or services, Sale of goods or serv | 12,104,000.00 | 2 |
| Rajesh Mundhra | Key Managerial Personnel | Any other transaction, Dividend paid, Loan, Remunera | 9,251,000.00 | 4 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-30 | FYFY27 | Hardik Chheda – Lark, Mitul Shah – Pantomath, Saket – Sagari Capital | Read the call |
| 2026-05-11 | FYFY26 | Read the call | |
| 2026-02-02 | FYFY25 | Read the call | |
| 2025-11-18 | FYFY25 | Read the call | |
| 2025-08-08 | FYFY25 | LIMITED, RAMKRISHNA FORGINGS LIMITED | Read the call |
| 2025-06-07 | FYFY24 | & CHIEF FINANCIAL OFFICER | Read the call |
| 2025-01-24 | FYFY24 | & CHIEF FINANCIAL OFFICER | Read the call |
| 2024-10-30 | Q2FY25 | CHIEF FINANCIAL OFFICER, MANAGEMENT | Read the call |
| 2024-07-31 | FYFY24 | LIMITED, RAMKRISHNA FORGINGS LIMITED | Read the call |
| 2024-01-25 | Q3FY24 | RAMKRISHNA FORGINGS LIMITED | Read the call |
| 2023-07-28 | Q1FY23 | LIMITED, RAMKRISHNA FORGINGS LIMITED | Read the call |
| 2023-01-25 | RAMKRISHNA FORGINGS LIMITED | Read the call | |
| 2022-11-03 | H1FY22 | LIMITED, RAMKRISHNA FORGINGS LIMITED | Read the call |
| 2022-07-26 | Q1FY23 | CHAITANYA, CHIEF, LALIT, MANAGER, MANAGING, NARESH, OFFICER, RAMKRISHNA FORGINGS LIMITED, | Read the call |
| 2022-05-09 | FYFY22 | CHIEF, GENERAL, RAMKRISHNA, RAMKRISHNA FORGINGS | Read the call |
| 2021-07-29 | Q1FY22 | FORGINGS LIMITED, RAMKRISHNA FORGINGS LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | FYFY25 | FYFY26 | FYFY27 | H1FY22 | Q1FY22 | Q1FY23 | Q2FY25 | Q3FY24 |
|---|---|---|---|---|---|---|---|---|
| Capex | Coming to capacity addition, we commenced the Financial Year at the present capacity of 2,68,400 tonnes and we are in the process of adding 8,000 tonn… | And it is a new capex and we have set up a capacity for 230,000 wheels. | Sir, secondly just related, sir, what will be the capex outflow this year, as well as the capex outflow, as well as the investment towards Rail JV? | Just what is the incremental Capex in tonnage that has been added in the press line or that will be added in the press line? | There is a sharp jump in the employee expenses during this quarter, so is it because of the capacity additions or is it because of the hikes in the sa… | Based on that whatever cash flow permits, we will go ahead and do CAPEX. | Apart from above, we have done significant CAPEX in upsetters, cold forging and 8,000 tonnes hot forgings press capacity during H1. | We have announced a setting up of 8000 Ton press in FY25 and which will be operational by December ‘24 and basically overall budget in terms of CAPEX … |
| Capital allocation | And in order to increase the wallet share, are we seeing any acquisition in the spring sales or in the brake in order to increase the wallet share or … | — | And also, on the Mexico acquisition that we've done, because in the last call we had discussed that this will also start somewhere in May. | As we are all aware of our long-awaited acquisition of ACIL. | Sir can you provide an update on the Amtek acquisition? | Whereas on the dividend front the Board of Directors has declared an interim dividend of INR 0.50 per equity share up face value of INR 2 each. | As you are aware during last year, we acquired Multitech Auto, JMT Auto, now renamed Ramkrishna Castings and followed by acquisition of ACIL earlier t… | During this quarter, we successfully secured approval of NCLT rally for the acquisition of ACIL Limited. |
| Costs | But wouldn't that mean that although the realization has dropped, our raw material cost also would have like steel prices also would have dropped, and… | And if the whole year as you must have seen that raw material price has continued to decrease. | So, commodity whatever increases happen in steel, steel is the commodity for us, which is the major basic raw material. | See, every quarter raw material is increases or decreases. | It all depends upon the product mix there is no reduction in raw material prices. | No, we 100% source raw material domestically. | And if you see, realization from raw material basically has gone down by 4% in this quarter. | So, there won't be any impact of this in 2024 related with the sourcing of raw materials or anything else? |
| Debt and cash | In terms of what has been the total outflow in terms of cash flow for the Company, it has been close to around -- for our U.S. shipments is at around … | — | Sir, my first question is would it be possible to share the gross and the net debt numbers? | Our target to become net debt-free company by FY '25 remains intact. | My last question is related with this gross and the net debt in your book at the end of the first quarter FY22? | This quarter net debt number is around INR 1,300 crore. | And also, in terms of the debt, if you can talk about how you see the debt reducing as working capital normalizes and your efforts on improving the ca… | Sir, post the QIP money, what would be your current gross and net debt? |
| Demand | August 01, 2025 We would like to mention in line what we had committed in the last quarter, kindly note that 47% of our new Order Book for the Quarter… | Before somebody joins from the question queue, sir, how is the demand shaping in US market, sir? | So, sir, one quick question regarding the order book. | We have received five orders amounting to INR 408.5 crores in the first six months of FY '23, and we are confident that we will receive additional ord… | Demand and consumption in the domestic auto sector remains subdued during the quarter. | During the quarter we won four new contracts totaling to INR 388 crore from Europe and North America, bolstering our order book. | I think in this quarter we have seen a degrowth in the commercial vehicle sector, but we have grown because of share of business going up in a lot of … | In line with the industry, we have seen an increase in demand as well for our products and services, which has led to significant growth in our revenu… |
| Guidance | First on the promoter money, we are going to infuse money very shortly as we are waiting for the In-Principle approvals from the Stock Exchanges, I th… | — | More than one quarter out for the rest of the three to four quarters, could you just guide a broad range for where the margin will be for the next ful… | And we expect our export revenue to grow by more than 15% in FY '23 as compared to last fiscal year. | So, we expect this whole year rest of 9 months for commercial vehicle in India to do extremely well. | We expect Indian CV market to achieve a good grade in the upcoming years. | But the same is likely to normalize in the upcoming period as we anticipate seeing the benefits from the above initiatives in the coming quarters, wit… | And in terms of FY24 and 25, Lalit sir, can you give some guidance on the investments on CAPEX? |
| Margin | EBITDA, excluding other income, for the Quarter is Rs. | It will continue to, I think with what if you have seen quarter-on-quarter 200 basis points we have improved in terms of our EBITDA margins. | Sir, my question was little bit in terms of margin only. | Our EBITDA margins for the quarter were 22.3% and for H1, we are 22.2%. | There is a sharp improvement in the gross margin in this quarter, is there any one off like related with past quarter under recovery as RM impact was … | We believe with the new order wins we'll keep improving our capacity utilization, which in turn will lead to higher operating leverage and margin expa… | The ongoing integration and growth initiatives are expected to gradually improve our EBITDA and margin profile. | EBITDA margin for Q3 FY24 stands at 22.98% as compared to 22.1% in Q3 FY23. The EBITDA margin expanded almost by 90 basis points and overall EBITDA ma… |
| People | So, we think that next level of growth, I think, in next couple of years is going to come from aluminium forging, where we are looking at once we are … | What kind of utilization level we can expect, sir, out of 2 lakhs? | Like Lalit in his opening statement has already said that we are concentrating on sweating the assets right now, and this increase in utilization and … | During the quarter, we increased our capacity utilization by 300 basis points to 82% in Q2 FY '23 from 79% in Q2 FY '22, while the sequential improvem… | I think in first quarter we had a utilization of close to around 80%. | But you will be able to see in continued quarters improvement in press utilization also. | And as optimum capacity utilization, it can give me around Rs. | 2 lakh, 40,000 tons at 80% utilization also can give us close to Rs. |
| Pricing | And similarly, from 1st July, there is a new pricing set in. | So, we will need to have a real-time pricing done with two years of inflation and other things to capture and get to the new pricing. | — | — | No in terms of raw material increases it is not in our control it is absolutely steel it is decided by the steel mill and the international steel pric… | Abhishek, I think, the HRC pricing is not relevant to the automotive component industry. | So, we want to enter into non-ferrous in a very cautious mode because of the volatility in the pricing and other things. | — |
| Revenue growth | So, is it because of a big operating deleverage because of only a 1% overall top line growth versus we were ready with all our capacities as of last y… | Sir, can you give me a rough idea what will be the revenue growth in FY27? | And if that is the case, then what should be the timeline we should have in our mind that when these products will be operationalized and start contri… | Such revenue growth and stable margins have been added by improved product mix and managing supply chain cost despite high commodity prices. | In view of above we are confident of achieving good sustainable growth in near future in terms of top line in domestic as well as export markets and f… | The growth was driven by both volume growth, as well as value growth. | During the quarter, raw material prices have decreased by 4%, which has also resulted in lower realization per tonne and also impacted top line to tha… | 902.9 crores on the standalone basis which represents Y-o-Y growth of 20% while for 9-months FY23, we recorded revenue of Rs. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-11-03 | H1FY22 | RAMKRISHNA FORGINGS LIMITED | And we expect our export revenue to grow by more than 15% in FY '23 as compared to last fiscal year. |